Startup India Government of India
Innovative Absolute Service Private Limited
Innovative Absolute Service Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹5.45 Cr
▲ 64% YoY
Net profit · FY 2022
₹2.96 Lakh
Net margin 0.5%
EBITDA · FY 2022
₹4.33 Lakh
EBITDA margin 0.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
9
Provident fund records
Directors on board
3
As per MCA filings
About Innovative Absolute Service Private Limited
Data last updated:
Innovative Absolute Service Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2017PTC098292. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shekhar Pratap Bhai Gavai and Sumit Borisa.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 203 Shriji Chembers Chandra Colony Corner, B/H Cargo Motors Opp Ratnam Complex Navrangpura Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2022, the company reported a revenue of ₹5.45 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net profit of ₹2.96 Lakh (net margin 0.5%) and EBITDA of ₹4.33 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
The company has about 9 employees on its provident fund (EPFO) records.
Innovative Absolute Service Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0291708). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74999GJ2017PTC098292
Registration Number 098292
Incorporation Date 14 July 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0291708
Key People
Shekhar Pratap Bhai Gavai Director Sumit Borisa Director Maheshkumar Manilal Dalvadi Director Recognitions & Rankings of Innovative Absolute Service
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-GJ-01-0291708
Contact details
Innovative Absolute Service Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address203 Shriji Chembers Chandra Colony Corner, B/H Cargo Motors Opp Ratnam Complex Navrangpura Ahmedabad, Gujarat, India – 380009
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Innovative Absolute Service Private Limited, buy the company report.
Comprehensive company report
Innovative Absolute Service Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Innovative Absolute Service is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Innovative Absolute Service Private Limited, buy the company report.
Financials of Innovative Absolute Service Private Limited
FY 2022 filings availableInnovative Absolute Service Private Limited reported revenue of ₹5.45 Cr (up 64% YoY) for FY 2022.
Revenue · FY 2022
₹5.45 Cr ▲ 64%
Net profit · FY 2022
₹2.96 Lakh margin 0.5%
EBITDA · FY 2022
₹4.33 Lakh margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 64%
3 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 145%
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 64% growth in the latest year. EBITDA rose 43% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹5.45 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.96 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Innovative Absolute Service Private Limited, buy the company report.
Board of directors of Innovative Absolute Service Private Limited
Innovative Absolute Service has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shekhar Pratap Bhai Gavai | Director | 18 Feb 2023 | 3 Years 8 Months | Current |
| Sumit Borisa Also directs: Fomu Exports Private Limited | Director | 22 May 2023 | 3 Years 5 Months | Current |
| Maheshkumar Manilal Dalvadi Also directs: Fomu Exports Private Limited, Wit C2c Ind Private Limited, Mark Velly J Logistics Private Limited and 2 more | Director | 22 May 2023 | 3 Years 5 Months | Current |
Auditor
Innovative Absolute Service Private Limited is audited by SONI AAKASH & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SONI AAKASH & CO | FY 2022 | 146070W |
Shareholding
The shareholding of Innovative Absolute Service Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Innovative Absolute Service Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovative Absolute Service Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Innovative Absolute Service Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovative Absolute Service has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Innovative Absolute Service Private Limited, buy the company report.
Recent activity
Innovative Absolute Service Private Limited has 7 board changes on record since 2023: 3 appointments and 4 cessations. The latest: Amish Shantilal Sisodiya ceased to be Director on 23 May 2023.
Ceased
Amish Shantilal Sisodiya ceased to be Director.
Ceased
Hansaji Manaji Prajapati ceased to be Director.
Appointed
Maheshkumar Manilal Dalvadi was appointed as Director.
Appointed
Sumit Borisa was appointed as Director.
Ceased
Jabbir Hanif Shaikh ceased to be Director.
Ceased
Mohmmadtariq Mohammadhanif Shaikh ceased to be Director.
Appointed
Shekhar Pratap Bhai Gavai was appointed as Director.
AGM
Innovative Absolute Service Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Innovative Absolute Service Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Ahmedabad.
Incorporation
14 Jul 2017
Innovative Absolute Service Private Limited was registered on 14 Jul 2017 with Roc Ahmedabad & aged 9 years 3 months as per MCA records.
Frequently asked questions
Innovative Absolute Service is an active private limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 14 July 2017 (9+ years old) and is registered under CIN U74999GJ2017PTC098292.
Innovative Absolute Service has 3 current directors:
- Shekhar Pratap Bhai Gavai - Director
- Sumit Borisa - Director
- Maheshkumar Manilal Dalvadi - Director
The latest financial statements of Innovative Absolute Service on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2018 are in the company report.
No. Innovative Absolute Service has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Innovative Absolute Service is U74999GJ2017PTC098292. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Absolute Service was incorporated on 14 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Amish Shantilal Sisodiya ceased to be Director on 23 May 2023. Hansaji Manaji Prajapati ceased to be Director on 23 May 2023. Maheshkumar Manilal Dalvadi was appointed as Director on 22 May 2023. Innovative Absolute Service has 7 board changes on record in total.
Yes, Innovative Absolute Service is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Innovative Absolute Service is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0291708).
The registered office of Innovative Absolute Service is at 203 Shriji Chembers Chandra Colony Corner, BH Cargo Motors Opp Ratnam Complex Navrangpura Ahmedabad, Gujarat, India – 380009.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages